EUSC vs. NORW

Last updated Jun 4, 2026

EUSC (WisdomTree Europe Hedged SmallCap Equity Fund) and NORW (Global X MSCI Norway ETF) are both Europe Equities funds - EUSC tracks the WisdomTree Europe Hedged SmallCap Equity Index while NORW tracks the MSCI Norway IMI 25/50 Index. Both are passively managed. EUSC charges 0.58%/yr vs 0.50%/yr for NORW.

Performance

EUSC vs. NORW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Europe Hedged SmallCap Equity Fund (EUSC) and Global X MSCI Norway ETF (NORW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EUSC

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

NORW

• 1D: -0.52%
• 1M: -2.27%
• YTD: 26.31%
• 6M: 31.64%
• 1Y: 36.12%
• 3Y*: 23.02%
• 5Y*: 7.99%
• 10Y*: 9.61%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EUSC vs. NORW - Yearly Performance Comparison

	2026 (YTD)
EUSC WisdomTree Europe Hedged SmallCap Equity Fund	0.00%
NORW Global X MSCI Norway ETF	-1.22%

EUSC vs. NORW - Sectors Allocation Comparison

Sectors	EUSC	NORW
Financial Services	28.4%	22.6%
Industrials	20.1%	13.3%
Real Estate	9.3%	0.4%
Consumer Cyclical	9.1%	0.2%
Basic Materials	6.5%	10.9%
Utilities	6.5%	0.7%
Communication Services	5.0%	5.9%
Technology	4.4%	4.1%
Consumer Defensive	4.1%	12.5%
Energy	3.7%	29.4%
Healthcare	2.9%	-

Return for Risk

EUSC vs. NORW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NORW

NORW Risk / Return Rank: 66
NORW Sharpe Ratio Rank: 65
NORW Sortino Ratio Rank: 64
NORW Omega Ratio Rank: 60
NORW Calmar Ratio Rank: 77
NORW Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUSC vs. NORW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Hedged SmallCap Equity Fund (EUSC) and Global X MSCI Norway ETF (NORW). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	EUSC	NORW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.18	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.37	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.46	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.40	—

Drawdowns

EUSC vs. NORW - Drawdown Comparison

The maximum EUSC drawdown since its inception was 0.00%, smaller than the maximum NORW drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for EUSC and NORW.

Drawdown Indicators

	EUSC	NORW	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-35.62%	+35.62%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.18%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.06%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.78%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.86%	—
Current Drawdown Current decline from peak	0.00%	-3.53%	+3.53%
Average Drawdown Average peak-to-trough decline	0.00%	-10.13%	+10.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.21%	—

Volatility

Volatility by Period

	EUSC	NORW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.06%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.73%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	16.70%	-16.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	21.88%	-21.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	20.80%	-20.80%

EUSC vs. NORW - Expense Ratio Comparison

EUSC has a 0.58% expense ratio, which is higher than NORW's 0.50% expense ratio.

Dividends

EUSC vs. NORW - Dividend Comparison

EUSC has not paid dividends to shareholders, while NORW's dividend yield for the trailing twelve months is around 2.72%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUSC WisdomTree Europe Hedged SmallCap Equity Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
NORW Global X MSCI Norway ETF	2.72%	3.44%	6.02%	5.27%	4.01%	1.51%	1.13%	2.47%	3.53%	3.64%	3.79%	2.95%

Frequently Asked Questions

Which ETF is better, EUSC or NORW?

On fees, NORW is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EUSC or NORW?

NORW is cheaper with a 0.50% expense ratio, compared with 0.58% for EUSC.

Which ETF pays a higher dividend yield, EUSC or NORW?

NORW has the higher dividend yield at 2.72%, compared with 0.00% for EUSC.

What is the main difference between EUSC and NORW?

EUSC tracks WisdomTree Europe Hedged SmallCap Equity Index, while NORW tracks MSCI Norway IMI 25/50 Index. They also come from different issuers: WisdomTree and Global X. Their fees differ too: 0.58% for EUSC and 0.50% for NORW.